Run a settlement
Compute, review, record the payout and (if needed) reverse a settlement in ClaimDS — the cross-agreement console that turns reconciled claims into paid partner settlements.
Settlement is where reconciled claims become money that moves. The ClaimDS settlement console is cross-agreement: you don't hop between agreements to pay partners, you work from one place that shows the entire settlement position and lets you act on it.
Read the console first
The KPI strip and its tabs are the fastest way to know what needs you. In-flight is work in progress; Committed and Paid are done; Reversible can still be unwound; Stale-PENDING flags runs that have been sitting too long and probably need a nudge.
Compute, review, pay
Follow the numbered steps below. The principle throughout: ClaimDS computes the settlement from reconciled data and you review and approve it — the engine does the arithmetic so the figures are traceable, not hand-keyed.
If a settlement was wrong
Settlements are reversed, never silently deleted. Reversing books an explicit entry that shows up in the audit trail, so the history of what you paid and unwound is always complete.
Step-by-step
Open Settlements
Go to Settlements. The console spans all your agreements and opens on a KPI strip with tabs — All, In-flight, Committed, Paid, Reversible, Reversed and Stale-PENDING — so you can see the whole settlement position at once.
Compute the settlement
Start a settlement run for the agreement and period you're settling. ClaimDS computes the amounts from the reconciled claims and posted accruals — you are reviewing a calculated figure, not entering one.
Review the run
Check the computed lines before anything is paid. The numbers trace back to the reconciliation sheet and the accruals behind them, so you can see how each amount was reached.
Record the payout
Once the run is right, record the payout. The settlement moves to Committed and then Paid, partner statements update, and the finance registers reflect it.
Reverse if you need to
If something was wrong, a settlement in a reversible state can be reversed — ClaimDS books the reversal rather than letting you quietly delete history, so the audit trail stays intact.
Frequently asked
What do the settlement tabs mean?
They group runs by where they are — In-flight (being worked), Committed and Paid (done), Reversible and Reversed (can be or have been unwound), and Stale-PENDING (sitting too long and worth a look).
Can ClaimDS produce the GST credit note for a settlement?
Yes. A settled claim usually becomes a GST credit note with the required particulars — see Issue a GST credit note in the Learn tutorials for the full walkthrough.
Still stuck?
Book a demo and we'll walk through it on your own data — or just talk to us.